Show I Loans and grants finance the the future I j Kyle Spencer t Contributing Writer Financial aid is money for students who r need funds for their schooling There arc two general categories of financial aid aid aid- loans and grants Loans must be paid back but not grants The Pell grant a common I student grant is given to many students The Perkins loan is the most common loan Other forms of financial aid include work- work study and state rehabilitation The purpose of a student loan or grant is isto isto isto to help a student with financial need pay for his books and tuition Financial need is determined factors such as lack of income dependents bills or other circumstances S such as the student who works full time and attends school full time Receiving financial aid is a good and acceptable way for the 1 responsible student to get through college To financial l aid at apply V upstairs in the College Center at the finan finan- r q f r J t. t cial aid desk One of the officers will help make your application as simple as possible Peggy Eden of the financial aid office states We do our best to make things as pleasant as possible for the students When asked what advice she would give to an applicant applicant applicant ap ap- ap- ap she replied Please read the instructions instructions instructions carefully A mistake in filling out one of the various forms could cause a delay of a afew afew afew few weeks or more She continued Dont assume anything It is worth your time to go over the form for a half an hour now than to have a longer delay later The benefits of financial aid are great but students must be responsible and realize that that repayment of the loan begins six months after graduation A Perkins loan payback is 30 per month the Stafford formerly 50 per month To pay back both is 80 With proper planning aid can help a student who would otherwise be unable to attend college For more information information information mation on financial aid call the financial aid office at |